https://www.taxtmi.com/caselaws?id=303129 A family arrangement was treated as binding and specifically enforceable where the documents and later conduct showed a final consensus on the essential division, with subsequent drafts and discussions viewed only as implementation details. The objection that the arrangement was uncertain, incomplete, or dependent on a surgical separation was rejected, and the court also held that tax efficiency did not make the arrangement void as tax evasion or opposed to public policy. Non-signatory family members and controlled investment companies were held bound on the facts, because the arrangement operated as a composite transaction involving the family groups and their conduct showed participation in its implementation. Interim injunctions were granted to preserve the subject matter. en-us Fri, 19 Sep 2014 00:00:00 +0530 Wed, 06 Jul 2022 00:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303129 A family arrangement was treated as binding and specifically enforceable where the documents and later conduct showed a final consensus on the essential division, with subsequent drafts and discussions viewed only as implementation details. The objection that the arrangement was uncertain, incomplete, or dependent on a surgical separation was rejected, and the court also held that tax efficiency did not make the arrangement void as tax evasion or opposed to public policy. Non-signatory family members and controlled investment companies were held bound on the facts, because the arrangement operated as a composite transaction involving the family groups and their conduct showed participation in its implementation. Interim injunctions were granted to preserve the subject matter. Case-Laws Companies Law Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303129